In five years, China’s mass affluent will have double the assets of their U.S counterparts. By 2020, financial assets of those with $100,000-$2 million in China will total $53 trillion versus $27 trillion in the U.S., as mainlanders benefit from their large population and their economy continues to grow, according to a new Economist Intelligence Unit global report, sponsored by Citigroup Inc. Read More »

In a sign of the growing appetite for Indian technology companies, a unit of U.S. hedge fund Maverick Capital, which manages more than $8 billion in assets, has invested in Indian mobile data company Vserve. Read More »

India’s federal budget unveiled Saturday offered some clarifications on taxation for foreign investors which lawyers say will help ease concerns about investing in India. Among the most important was Finance Minister Arun Jaitley’s announcement that the government was deferring a new set of tax rules that would allow Indian authorities to scrutinize deals that they believe have been structured specifically to avoid tax. Read More »

The divergence between the market’s expectations for an eventual tightening in U.S. monetary policy and the inclination toward easier policy that’s emerging virtually everywhere else has become more profound since the European Central Bank announced a giant new bond-buying program. Read More »

Tata Motors is discovering why cash is king for a cyclical business. India’s largest auto maker by market value, which owns Britain’s Jaguar-Land Rover, announced a $1.2 billion rights issue late Tuesday, likely fearing the cycle is somewhat turning. Read More »

While the Swiss have grabbed most of the headlines, India deserves some attention, too. The nation’s central bank unexpectedly lowered its benchmark interest rate overnight to 7.75% from 8%, the first cut in nearly two years. Read More »